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Talking about your mortgage: Loan origination fee
The origination fee (also called underwriting fee, administrative fee, or processing
fee) is charged for the lender’s work in evaluating and preparing your mortgage
loan. This fee can cover the lender’s attorney’s fees, document preparation
costs, notary fees, and so forth.
Estimated cost: 1% to 1.5% of the loan amount
There are several reasons to refinance your home:
- To lower the interest rate on your mortgage, reducing your monthly payments and overall cost;
- To reduce the term or length of your loan, doing so can save you thousands of dollars in interest;
- To provide a means of consolidating your debt.
Read the whole story at the MA
Secy of State website
Refinance.net is committed
to helping consumers find great
rates and information on mortgage refinancing
loans. We are not a loan originator,
agent, broker or carrier. We simply
provide relevant information and a
more convenient method for consumers
to request refinancing quotes from
licensed professionals near their
homes.